Double Trouble: Currency Unification in Cuba

Supreme Court boosts Exxon compensation bid vs Cuba

The US Supreme Court made it easier for firms to seek compensation from Cuba's government for property seized decades ago by former leader Fidel Castro's government, ruling in favor of ExxonMobil in its lawsuit against Cuban state-owned firm Corporación CIMEX. #News #Reuters #Newsfeed #world #USA #SCOTUS #SupremeCourt #Exxon #Cuba Read the story here: https://reut.rs/4wbX1qR 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Rodriguez: Washington No Authority to Judge Cuba's Sovereign Decisions

Rodriguez: Washington No Authority to Judge Cuba's Sovereign Decisions

Cuba Moves Toward Market Economy as Government Unveils Historic Reforms

Cuba has announced sweeping economic changes that, despite constitutional guarantees of socialism, introduce measures commonly associated with capitalism. The reforms come amid mounting economic pressure and, according to observers, reflect not only longstanding U.S. demands but also encouragement from Russia and China. The island's economic situation has deteriorated sharply, prompting the Communist leadership to launch what many compare to the shock reforms implemented in Russia during the early 1990s. Economic Crisis Pushes Havana Toward Reform U.S. Vice President J. D. Vance recently stated that Washington is engaged in discussions with the Cuban government regarding potential changes on the island. According to Vance, relations between the United States and Cuba could improve if Havana makes what he described as reasonable decisions.

Cuba slams new US sanctions against state-run firms

Cuba on Tuesday denounced the latest sanctions imposed by the United States on five Cuban state-owned entities and a member of the extended family of former Cuban President Raul Castro, arguing the measures aim to further harm the economy, reported Xinhua. The U.S. government, led by its dishonest and mendacious Secretary of State (Marco Rubio), continues to take steps to tighten the noose around Cuba's economy, Cuban Foreign Minister Bruno Rodriguez said on X, referring to the sanctions Washington announced earlier in the day. These sanctions came as Cuba has proven to be stronger, more capable, and more effective than he expected in the face of the ruthless aggression and collective punishment against the people and their living conditions, said Rodriguez, adding that what this individual is pushing for from the world's greatest power is a crime. The sanctions target five Cuban state-owned entities, three of which are linked to the conglomerate Grupo de Administracion Empresarial S.A. and two are related to the mining and metallurgical sectors, according to a fact sheet published Tuesday by the U.S. Department of State.

Is Cuba Embracing Free Market Economics?

The island nation is apparently abandoning socialism.